Worker Cooperatives - definition

International best practice defines worker cooperatives as followsCooperatives where the following conditions are met1. At least 50% of the members are workers2. At least 50% of the workers are members3. A member is defined as the owner of one voting share4. Where mandatory indivisible reserves are in operation (MIR's)Statutory MIR's of 25%, of net profits, are not uncommon in jurisdictions where worker cooperatives have established themselves as substantial contributors to their national economies - in terms of sustainable job numbers, turnover and exports. France, Northern Spain and Northern Italy are the leaders in the field.